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ANSWER EVERY SINGLE QUESTION

10. Beginning inventory, purchases, and sales for

Item MMM8 are as follows: November 1 Inventory

106 16 9 Sale 96 16 Purchase 127 19 25 Sale 82.

Assuming a perpetual inventory system and

using the Last-in, first-out (FIFO) method,

determine the Cost of Goods Sold in November.

11. The units of an item available for sale during

the year were as follows: Jan 1 Inventory 22 units

at 120 April 15 Purchase 136 units at

117 September 9 Purchase 22 units at 123. There

are 41 units of the item in the physical inventory

at December 31. The periodic inventory system is used. Determine the inventory cost using the

first-in, first-out (FIFO).

12. The units of an item available for sale during

the year were as follows: Jan 1 Inventory 12 units

at 121 April 15 Purchase 130 units at 116 September 9 Purchase 24 units at 131. There

are 42 units of the item in the physical inventory

at December 31. The periodic inventory system is used. Determine the inventory cost using the

last-in, first-out (LIFO)

13. The units of an item available for sale during

the year were as follows: Jan 1 Inventory 21 units

at 120 April 15 Purchase 144 units at 116 September 9 Purchase 25 units at 121. There

are 39 units of the item in the physical inventory

at December 31. The periodic inventory system is used. Determine the inventory cost using the

average cost method. (Round to nearest whole

dollar),

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